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Fletcher King PLC (FLK)

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Tuesday 28 April, 2020

Fletcher King PLC

Option Surrender

RNS Number : 1975L
Fletcher King PLC
28 April 2020
 

 

Fletcher King plc

 

Option Surrender

 

 

Fletcher King plc (the "Company") announces that, further to the announcements of 1 March 2019 and 19 October 2016, the holders of all 1,240,000 options issued under the Company's Enterprise Management Incentive ("EMI") plan have today surrendered the options. 

 

The Company has no short term intention to issue any EMI options to replace the surrendered options. In either the medium term or at such point as the markets in which the Company operates recover from the current COVID-19 situation, the Company expects to construct a suitable incentivisation structure to attract and motivate employees and directors of the Company to drive its business forward in the future.

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

 

Enquiries

 

Fletcher King plc

David Fletcher / Peter Bailey

Tel: 0207 493 8400

 

Cairn Financial Advisers LLP

James Caithie / Tony Rawlinson

Tel: 020 7213 0880



 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

Details of the person discharging managerial responsibilities/person closely associated

Name

a)  Richard Goode

b)  Robert Dickman

c)  Paul Andrews

d)  Peter Bailey

e)  David Fletcher

Reason for notification


Position/Status

a)  Director

b)  Director

c)  Director

d)  Director

e)  Director

Initial notification/ Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Fletcher King plc

LEI

 

21380047ETCYL7UA8W49

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

Description of the financial instrument, type of instrument

Identification Code

Options over ordinary shares of 10p each

 

  GB0003425310

Nature of the transaction

Option surrender under EMI plan

Price(s) and volume(s)







Price(s)

Volume(s)



a) 48.5p

a) 46p

b) 48.5p

b) 46p

c) 48.5p

c) 46p

d) 48.5p

d) 46p

e) 48.5p

a) 100,000

a) 100,000

b) 100,000

b) 150,000

c) 100,000

c) 150,000

d) 100,000

d) 100,000

e) 100,000


 


Aggregated information

 - Aggregated Volume

 - Price

 

1,000,000

46p / 48.5p

Date of the transaction

28 April 2020

Place of the transaction

Outside a trading venue

 

 

 


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